How VAT Liability is Calculated

[@kortnfresh1878]

Very well explained. Thankyou. Really helped.

[@Kisembobusiness]

pleasure

[@alicemusubika8996]

U can get credit of in put vat and import vat

[@Kisembobusiness]

Input VAT Credit is obtainable and claimable from Purchases, expenses and imports

[@reubennkonde2000]

Thank you so much.... well explained. But what's the point of registering for VAT as a company when you are not benefiting at all

[@Kisembobusiness]

There are benefits. You just don't know them yet

[@nabanjaviolet3036]

Thanks

[@atimangoharriet3087]

You are able to claim input tax when the out put tax is less than the input tax. You are able to trade with fellow VAT registered entities.